Matson, Inc. (MATX)

NYSE: MATX · Real-Time Price · USD
151.76
-0.98 (-0.64%)
Nov 20, 2024, 4:00 PM EST - Market closed
-0.64%
Market Cap 5.04B
Revenue (ttm) 3.32B
Net Income (ttm) 410.80M
Shares Out 33.21M
EPS (ttm) 11.85
PE Ratio 12.81
Forward PE 13.85
Dividend $1.36 (0.90%)
Ex-Dividend Date Nov 7, 2024
Volume 139,082
Open 154.27
Previous Close 152.74
Day's Range 150.79 - 155.83
52-Week Range 93.75 - 169.12
Beta 1.06
Analysts Buy
Price Target 135.33 (-10.83%)
Earnings Date Oct 30, 2024

About MATX

Matson, Inc., together with its subsidiaries, engages in the provision of ocean transportation and logistics services. It operates through two segments, Ocean Transportation and Logistics. The Ocean Transportation segment offers ocean freight transportation services to the domestic non-contiguous economies of Hawaii, Japan, Alaska, and Guam, as well as to other island economies in Micronesia. It primarily transports dry containers of mixed commodities, refrigerated commodities, food products, beverages, building materials, automobiles, and hous... [Read more]

Industry Marine Shipping
Sector Industrials
Founded 1882
Employees 4,315
Stock Exchange NYSE
Ticker Symbol MATX
Full Company Profile

Financial Performance

In 2023, Matson's revenue was $3.09 billion, a decrease of -28.75% compared to the previous year's $4.34 billion. Earnings were $297.10 million, a decrease of -72.07%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for MATX stock is "Buy." The 12-month stock price forecast is $135.33, which is a decrease of -10.83% from the latest price.

Price Target
$135.33
(-10.83% downside)
Analyst Consensus: Buy
Stock Forecasts

News

MATSON TO PARTICIPATE AT STEPHENS 2024 ANNUAL INVESTMENT CONFERENCE

HONOLULU , Nov. 12, 2024 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will present an overview of the Company and res...

8 days ago - PRNewsWire

Matson, Inc. (MATX) Q3 2024 Earnings Call Transcript

Matson, Inc. (NYSE:MATX) Q3 2024 Earnings Conference Call October 30, 2024 4:30 PM ET Company Participants Justin Schoenberg - Investor Relations Matthew Cox - Chairman and Chief Executive Officer Jo...

21 days ago - Seeking Alpha

MATSON, INC. ANNOUNCES THIRD QUARTER 2024 RESULTS

3Q24 EPS of $5.89 versus $3.40 in 3Q23 3Q24 Net Income of $199.1 million versus $119.9 million in 3Q23 3Q24 Consolidated Operating Income of $242.3 million versus $132.1 million in 3Q23 3Q24 EBITDA of...

21 days ago - PRNewsWire

MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.34 PER SHARE

HONOLULU , Oct. 24, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has declared a fourth quarter dividend of $0.34 per common share. T...

27 days ago - PRNewsWire

MATSON TO ANNOUNCE THIRD QUARTER 2024 RESULTS ON OCTOBER 30, 2024

HONOLULU , Oct. 16, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for th...

5 weeks ago - PRNewsWire

Philly Shipyard Begins Construction on First of Three Matson Aloha Class LNG-Fueled Containerships

The first vessel is expected for delivery in 2026 PHILADELPHIA, PA / ACCESSWIRE / September 30, 2024 / Philly Shipyard, Inc. (PSI), the sole operating subsidiary of Philly Shipyard ASA (Oslo:PHLY), to...

7 weeks ago - Accesswire

MATSON BEGINS CONSTRUCTION ON FIRST OF THREE NEW LNG-POWERED ALOHA CLASS CONTAINERSHIPS

$1 Billion investment part of long-term decarbonization strategy PHILADELPHIA , Sept. 30, 2024 /PRNewswire/ -- Matson, Inc. ("Matson"; NYSE: MATX) today announced the start of construction on the firs...

7 weeks ago - PRNewsWire

Matson: A Steady Lifeline For Island Economies With Promising Long-Term Value

Matson Inc. is a vital marine transportation and logistics company, crucial for supplying isolated island economies like Hawaii, Alaska, and Guam, with steady, stable growth. Matson's FY24 Q2 results ...

2 months ago - Seeking Alpha

Matson, Inc. (MATX) Q2 2024 Earnings Call Transcript

Matson, Inc. (NYSE:MATX) Q2 2024 Results Conference Call August 1, 2024 4:30 PM ET Company Participants Justin Schoenberg - IR Matt Cox - Chairman and CEO Joel Wine - EVP, CFO Conference Call Partici...

3 months ago - Seeking Alpha

MATSON, INC. ANNOUNCES SECOND QUARTER 2024 RESULTS

2Q24 EPS of $3.31 versus $2.26 in 2Q23 2Q24 Net Income of $113.2 million versus $80.8 million in 2Q23 2Q24 Consolidated Operating Income of $124.6 million versus $96.7 million in 2Q23 2Q24 EBITDA of $...

3 months ago - PRNewsWire

7 Upcoming Dividend Increases Including A King

This week has seven new dividend increases, including a dividend king. My investment strategy involves buying companies with consistent dividend growth and beating benchmarks. Tables and charts featur...

Other symbols: CASYCWTEPDHESMMSNNNRNP
4 months ago - Seeking Alpha

MATSON TO ANNOUNCE SECOND QUARTER 2024 RESULTS ON AUGUST 1, 2024

HONOLULU , July 18, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for th...

4 months ago - PRNewsWire

MATSON PUBLISHES 2023 SUSTAINABILITY REPORT

HONOLULU , July 17, 2024 /PRNewswire/ -- Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has published its 2023 Sustainability Report, which describes the company's progress toward a...

4 months ago - PRNewsWire

Daily Dividend Report: AT&T, Kroger, Matson, Pfizer, Edison

The board of directors of AT&T today declared a quarterly dividend of $0.2775 per share on the company's common shares. Dividends on the common stock are payable on August 1, 2024, to stockholders of ...

Other symbols: EIXKRPFET
5 months ago - Forbes

MATSON INCREASES QUARTERLY DIVIDEND TO $0.34 PER SHARE

HONOLULU , June 27, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, has declared a third quarter dividend of $0.34 per common share. Th...

5 months ago - PRNewsWire

MATSON TO PARTICIPATE AT WOLFE GLOBAL TRANSPORTATION & INDUSTRIALS CONFERENCE

HONOLULU , May 15, 2024 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Joel Wine, Executive Vice President and Chief Financial Officer, will be attending the Wolfe Global Transportatio...

6 months ago - PRNewsWire

Matson, Inc. (MATX) Q1 2024 Earnings Call Transcript

Call Start: 16:30 January 1, 0000 5:08 PM ET Matson, Inc. (NYSE:MATX) Q1 2024 Earnings Conference Call April 30, 2024 16:30 ET Company Participants Justin Schoenberg – Director of Investor Relations ...

7 months ago - Seeking Alpha

MATSON, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS

1Q24 EPS of $1.04 versus $0.94 in 1Q23 1Q24 Net Income of $36.1 million versus $34.0 million in 1Q23 1Q24 Consolidated Operating Income of $36.9 million versus $38.7 million in 1Q23 1Q24 EBITDA of $82...

7 months ago - PRNewsWire

MATSON ANNOUNCES QUARTERLY DIVIDEND OF $0.32 PER SHARE

HONOLULU , April 25, 2024 /PRNewswire/ -- The Board of Directors of Matson, Inc. (NYSE: MATX), a leading U.S. carrier in the Pacific, today declared a second quarter dividend of $0.32 per common share...

7 months ago - PRNewsWire

MATSON TO ANNOUNCE FIRST QUARTER 2024 RESULTS ON APRIL 30, 2024

HONOLULU, April 16, 2024 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it will release its financial results for th...

7 months ago - PRNewsWire

Matson, Inc. (MATX) Q4 2023 Earnings Call Transcript

Matson, Inc. (MATX) Q4 2023 Earnings Call Transcript

9 months ago - Seeking Alpha

MATSON, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS; PROVIDES 2024 OUTLOOK

4Q23 EPS of $1.78 Full Year 2023 EPS of $8.32 Full Year 2023 Net Income and EBITDA of $297.1 million and $516.7 million, respectively 2024 Consolidated Operating Income expected to approximate 2023 le...

9 months ago - PRNewsWire

MATSON TO PARTICIPATE AT STIFEL 2024 TRANSPORTATION & LOGISTICS CONFERENCE

HONOLULU, Hawaii , Feb. 7, 2024 /PRNewswire/ -- Matson, Inc. (NYSE: MATX) announced today that Matt Cox, Chairman and Chief Executive Officer, and Joel Wine, Executive Vice President and Chief Financi...

10 months ago - PRNewsWire

MATSON ANNOUNCES PRELIMINARY 4Q23 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 4Q23 EARNINGS CALL DATE

Expects 4Q23 operating income for Ocean Transportation to be $61.0 to $66.0 million Expects 4Q23 operating income for Logistics to be $8.0 to $9.0 million Expects 4Q23 net income and diluted EPS to be...

10 months ago - PRNewsWire

Matson Is A Solid Company, But Its Fate Relies On Extraneous Variables

Matson, Inc. has reported a decline in Q3'23 revenues and net income due to decreased operating cash flows. Matson's operational strategy and niche roles in the shipping industry contribute to its uni...

11 months ago - Seeking Alpha